Geri Wells Comment On Regulatory Notice 22-08
Just please do the right thing
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Just please do the right thing
I strongly disagree with the attempt by FINRA to prevent or restrict investors from trading in leveraged and inverse funds. ProShare Advisors offers a variety of these types of funds which are critical in the management of my portfolio. We are perfectly capable of understanding these funds and the risks they may have. And, they are the best way to hedge a portfolio from certain events. We do not need "Nanny" government telling us what we are smart enough to do.
Please do not take away the one tool retail investors have to profit during market corrections. I count on leveraged inverse index ETF's to hedge my main investments during market corrections.
I urge you to reject limitations on who can invest in any securities. We are not a nanny state.
It's all about taxing Investors at variable rates and Interest earnings! DD.
Way too much over regulation resulting in unfair trading that only favors groups that are get the government agencies to support their agenda............
I've lost a hundred thousand thru ProShares, before they noted their trades were for day trading. I was not aware how rapidly the accounts could drop in value, even when the markets moved in a direction that should have increased their values.
You didn't make crypto it should stay free. You always want to control and profit off of something that's not yours. Satoshi Nakamato made it to be free and it shall stay free.
These products have helped me pull in my retirement horizon by MORE THAN A DECADE! In fact, I have further built an entire business based on utilizing LEFT's and Inverse Funds, with the intention of this being a MAIN income stream at some point. I would be financially devastated if there were restrictions imposed - such as a proposed "cooling off" period.
I think free investment is very important, so I oppose restrictions on the right to invest in public investments.